U.S. Treasury Secretary Extends Timeline For Potential Debt Default

The transcript discusses the potential for the country to default on its bills around December 15th. Treasury Secretary Yellen urges lawmakers to address the debt limit by either raising or suspending it to prevent the first-ever default. Yellen's revised deadline is 12 days later than the initial December 3rd date she provided to Congress in October.

What is the potential date for the country's default on its bills?

• December 3rd

• December 15th

• November 30th

• January 1st

What is the significance of the December 15th date mentioned by Yellen?

• It is the date for a major economic summit.

• It is the date for a new budget proposal.

• It marks the end of the fiscal year.

• It is the potential date for a default.

What action does Yellen suggest to avoid the country's first default?

• Increase taxes

• Cut government spending

• Raise or suspend the debt limit

• Borrow more money

How many days later is Yellen's new deadline compared to the original?

• 15 days

• 5 days

• 10 days

• 12 days

When was the original deadline provided to Congress?

• December

• November

• October

• September